The Global Hand Sanitizer Market size is expected to reach $3.65 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period. Hand sanitizers are antiseptic or disinfectant which are in the form of gels, foams, sprays, or in liquid forms, and are used instead of washing hands. The hand sanitizers are considered to be much more effective over regular soaps and can kill more microorganisms than soaps do. Global sales of hand sanitizers have been significantly growing over the years, and the market is driven due to the growing awareness among the consumers over the need for hygiene which would prevent the spread of contagious diseases. Periodic outbreak of Avian flu, Swine flu, and SARS, Ebola virus disease (EVD) epidemic in the Western Africa has been a major factor in driving the demand for hand sanitizers, globally.
Due to shifts in customer preference to convenient hygiene products, the global hand sanitizer market is experiencing a significant growth in the present scenario. The global marketplace is experiencing a high demand for health and wellness items like sanitizers, floor cleaning items, and other cleaning products that compress the effect of infectious diseases such as COVID-19-a global pandemic experienced by nearly all countries - and others. The COVID-19 outbreak, commonly referred to as coronavirus in the year 2020, has boosted the global sale of hand sanitizers. Increasing hand hygiene awareness is experiencing a positive effect in curbing nosocomial infections.
Gel hand sanitizer is likely to continue to drive significant sales growth in the hand sanitizer industry because it is readily accessible from general stores to supermarkets through the aisles of different stores. Therefore, to efficiently remove germs, gel hand sanitizer takes comparatively less time. Over the forecast period, however, foam hand sanitizer is expected to gain momentum in the manual sanitizer industry. Upon application, the foam hand sanitizer immediately clings to the hand and is comparatively smaller compared to the spray, liquid, gel and other hand sanitizer. All of these factors make foam hand sanitizer a customer’s preferred option. Time consuming and readily available aspects will continue to drive an exponential pace in the growth of the hand sanitizer market.
Based on Product Types, the market is segmented into Gel, Spray, Foam, and Others. Based on End-User, the market is segmented into Hospitals, Hotels & Restaurants, Residential, and Others. Based on Sales Channels, the market is segmented into Departmental Store & Supermarkets and Distribution Agencies, Pharmacies, Online Store, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Hand Sanitizer Market to reach a market size of $3.65 billion by 2026
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Reckitt Benckiser Group PLC, 3M Company, Sanofi S.A., The Procter and Gamble Company, Unilever Plc., GOJO Industries, Inc., L Brands, Inc. (Bath & Body Works, LLC), S.C.Johnson and Son, Inc., Henkel AG & Company, KGaA and Kimberly-Clark Corporation.
Market Segmentation:
By Product Types
By End-User
By Sales Channels
By Geography
Companies Profiled
According to a new report published by KBV Research, The global Hand Sanitizer market size is expected to reach $3.65 billion by 2026.
The expected CAGR of Hand Sanitizer market is 12.3% from 2020 to 2026.
The COVID-19 outbreak, commonly referred to as coronavirus in the year 2020, has boosted the global sale of hand sanitizers. Increasing hand hygiene awareness is experiencing a positive effect in curbing nosocomial infections. the demand for sanitizers, especially in healthcare institutions, is growing rapidly.
The leading player in Hand Sanitizer market includes Reckitt Benckiser Group PLC, 3M Company, Sanofi S.A., The Procter and Gamble Company, Unilever Plc., GOJO Industries, Inc., L Brands, Inc. (Bath & Body Works, LLC), S.C.Johnson and Son, Inc., Henkel AG & Company, KGaA and Kimberly-Clark Corporation.
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